Rick Gates testifies in Paul Manafort trial

U.S. & World

(NBC News) The trial of Paul Manafort continued Tuesday with his former deputy, Rick Gates, taking the stand for the second day against his old mentor.

Manafort is on trial for charges of bank and tax fraud related to lobbying work he did for the Ukrainian government.

According to Gates, Manafort ordered him to hide money in foreign bank accounts and they did not report any of those to the IRS.

“He is now, in many respects, the ultimate witness against Paul Manafort because he can say “we worked together, here’s what Manafort was thinking, here’s what we set out to achieve.” No question, this is potentially a devastating testimony for Manafort,” said former Deputy Assistant Attorney General, Tom Dupree.

Gates also admitted that he stole money from Manafort and falsified loan applications so Manafort could receive more in bank loans.

Gates has plead guilty to all bank, tax and lobbying charges alleged against him in an indictment by Robert Mueller in exchange for a reduced prison term and possible probation if his cooperation is considered helpful enough.

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